-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
His pic needs to be under the word Corruption in Wikipedia along with Al Capone!!
Perhaps Mike will go with “ morally challenged “?
I’m sure he feels he’s a victim – criminals deserve no sympathy or whitewashing.
Madigan is trying to run out the clock till he passes away. This will insure his legacy will not be one of a convicted felon.
Of course the Dems don’t want the term “corruption “ used, even though in Illinois the entire Democratic Party may be corrupt.